https://www.taxtmi.com/caselaws?id=207153 Deduction of tax at source must be followed by deposit within the prescribed time for purposes of section 40(a)(ia); an assessee cannot justify non-deposit of current-year TDS by adjusting it against excess TDS deposited in an earlier year. The Board circular on refund or adjustment of excess TDS operates only in refund administration and does not displace the statutory deposit obligation once tax has been deducted. The disallowance under section 40(a)(ia) was therefore upheld. en-us Thu, 31 Mar 2011 00:00:00 +0530 Wed, 30 Nov 2011 08:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207153 Deduction of tax at source must be followed by deposit within the prescribed time for purposes of section 40(a)(ia); an assessee cannot justify non-deposit of current-year TDS by adjusting it against excess TDS deposited in an earlier year. The Board circular on refund or adjustment of excess TDS operates only in refund administration and does not displace the statutory deposit obligation once tax has been deducted. The disallowance under section 40(a)(ia) was therefore upheld. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207153